A Health Savings Account (HSA) is a personal healthcare bank account you can use to pay out-of-pocket medical expenses with pretax dollars. If you enroll in a high-deductible health plan, you can open an HSA. You contribute pre-tax dollars to the HSA and Springfield Public Schools will contribute to your HSA.

Springfield Public Schools' contributions count toward the annual HSA contribution limit, so you need to plan carefully how much you will contribute. The annual maximum is $4,300 for an Individual under 55 and $5,300 for an Individual age 55 and older, $8,550 for a Family under 55 and $9,550 for a Family age 55 and older. 

Unused account dollars are yours to keep, even if you retire or leave the company. You can also invest your HSA funds, so your available healthcare dollars can grow over time. 

For more information, please see the SPS 2025 Benefits Guidebook. 

Phone: 1-800-422-4661

Website: tasconline.com